Early Wednesday morning the Senate passed its tax reform bill, hours after it was sent back to the House for a re-vote. Romina Boccia, Deputy Director at The Heritage Foundation, joins Cheddar to discuss how the bill will impact small companies and what she wishes was included in the legislation.
She predicts there will be more foreign direct investments into American companies, which will drive wages and create jobs in the U.S. It will encourage major corporations to move their headquarters to America. The corporate tax rate will drop from 35% to 21%, bringing American closer to the world's average, she says.
Plus, many are concerned about the removal of the state and city tax deduction. Boccia explains you can still deduct up to $10,000 with the cap now. She says only very wealthy individuals will feel an impact.
In Ireland this week, well-wishers have lined the streets to catch a mere glimpse of President Joe Biden. Photos of his smiling face are plastered on shop windows, and one admirer held a sign reading, “2024 — Make Joe President Again.”
A Massachusetts Air National Guardsman has appeared in court, accused in the leak of highly classified military documents.
Former President Donald Trump answered questions for nearly seven hours Thursday during his second deposition in a legal battle with New York's attorney general over his company's business practices, reversing an earlier decision to invoke his Fifth Amendment protection against self-incrimination and remain silent.
Republican Gov. Ron DeSantis has signed into law a bill approved by the Republican-dominated Florida Legislature to ban abortions after six weeks of pregnancy.
The legislation would ban abortions after a period when many women don't know they're pregnant yet.
The attorney general's new restrictions on gender-affirming care is believed to be the first that also restricts adults, not just minors.
A federal appeals court has ruled that the abortion pill mifepristone can still be used for now but reduced the period of pregnancy when the drug can be taken and said it could not be dispensed by mail.
EPA Proposes Stringent Emissions Standards on Automakers in Effort to Reduce Pollution
The second of two Black Democrats expelled from the Republican-led Tennessee House will return to the Legislature after a Memphis commission voted to reinstate him Wednesday.
Some abortion clinics are fielding lots of calls from patients since a court ruling last Friday threatened the availability of a main drug used in medication abortion, mifepristone.
